LTIMindtree Order to Cash Analyst Interview Questions and Answers

Q1. About your self
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Q2. Salary discussion
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Q1. About your self
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Q2. Accounts basic questions
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Q3. What is golden rules of accounting
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit all expenses and losses, Credit all incomes and gains.

• These rules ensure that every transaction is recorded accurately and consistently.

• For example, when a company receives cash from a...read more
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Q1. What is your hobbies
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My hobbies include reading, hiking, and cooking.
• Reading: I enjoy reading fiction and non-fiction books in my free time.

• Hiking: I love exploring nature trails and challenging myself with new hikes.

• Cooking: I find joy in experimenting with new recipes and cooking for friends and family.
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Q1. What is Order to cash
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Order to cash is the process of receiving and fulfilling customer orders, invoicing, and receiving payment.
• Order to cash involves receiving customer orders

• Processing the orders

• Invoicing the customer

• Receiving payment for the order

• It is a key process in the financial cycle of a company
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Q1. What is balance sheet
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Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
• It is a snapshot of a company's financial position

• Assets are listed on the left side and liabilities and equity on the right side

• The equation Assets = Liabilities + Equity must always balance

• It helps investors and creditors to evaluate a company's financial health
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Q2. Explain journal entries
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Journal entries are records of financial transactions in a company's general ledger.
• Journal entries are used to record financial transactions in a company's general ledger

• They include the date of the transaction, the accounts involved, and the amount of the transaction

• There are two types of journal entries: debit and credit

• Debit entries increase assets and decrease liabilities, while credit entries increase liabilities...read more
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Q1. Explain a day in your work
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A typical day as an Order to Cash Analyst involves analyzing customer orders, processing invoices, resolving payment issues, and ensuring timely payments.
• Reviewing and processing customer orders

• Generating and sending out invoices

• Following up on overdue payments

• Resolving payment discrepancies

• Communicating with customers and internal teams

• Updating order and payment records

• Preparing reports on order and payment status
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Q2. Explain Expedite process
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Expedite process is a method of speeding up a particular process or task to ensure timely completion.
• Expedite process involves prioritizing tasks to be completed faster than usual.

• It may involve allocating additional resources or manpower to the task.

• Communication with stakeholders to ensure everyone is aware of the expedited timeline is crucial.

• Regular monitoring and tracking of progress is important to ensure the exp...read more
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Q1. Tell me about your self indedaction
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Q1. Are you flexible with night shift and weekend's
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Q2. Yes sir iam flexible with night shift and weekend's it's not a problem for me. Because in college day'ssed I used to night studies ,so it's not a problem for me
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Once the resume got shortlisted candidate have to go through assessment process where they have aptitude test , domain test, and basic English test

Q1. Basic communication test and be confident and have strong knowledge about your domain.
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Q2. Tell me about yourself
Ans. 
I am an experienced Order to Cash Analyst with a strong background in financial analysis and customer service.
• I have worked in the Order to Cash department for 5 years, handling various responsibilities such as credit management, invoicing, and collections.

• I have a deep understanding of financial analysis and have successfully implemented process improvements to optimize cash flow and reduce DSO.

• I am skilled in buildin...read more
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Q3. Domain question
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Q4. Basic Excel question
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Q1. What is order to cash cycle
Ans. 
Order to cash cycle is the process of receiving and fulfilling customer orders, invoicing, and receiving payment.
• Order is received from customer

• Order is processed and fulfilled

• Invoice is generated and sent to customer

• Payment is received from customer

• Accounts receivable is updated
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Q1. Order to cash process
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Order to cash process involves the entire cycle from receiving an order to receiving payment.
• Order is received from customer

• Order is processed and fulfilled

• Invoice is generated and sent to customer

• Payment is received and recorded

• Accounts receivable is updated
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Q1. What ERP do you use and familiar with?
Ans. 
I am familiar with SAP ERP system.
• Proficient in using SAP ERP for Order to Cash processes

• Experience in navigating through SAP modules such as SD, MM, and FI

• Knowledge of creating and analyzing reports in SAP
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Q2. What is order to cash process?
Ans. 
Order to cash process is the set of business processes for receiving and processing customer sales orders to receiving payment.
• Includes order entry, order fulfillment, invoicing, and payment collection

• Ensures accurate and timely delivery of products or services to customers

• Involves coordination between sales, customer service, logistics, and finance departments

• May involve credit checks, pricing, and discount approvals

• E...read more
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